There Are No Participation Trophies for Entrepreneurs

It takes more than just showing up…

Jim Palmer
ILLUMINATION
2 min readDec 6, 2022

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Photo by Jelly Dollar on Unsplash

Participation trophies convey the message that “we are all winners” — just for showing up. They may have a place in kids sports, but let’s be clear, there are no participation trophies for choosing to become an entrepreneur.

Making the jump from a job with direct deposit, health insurance and paid vacation is to be applauded for sure. After all, it takes a lot of courage to go out on your own.

However, minutes after celebrating the arrival of your new glossy business cards and the launch of your state-of-the-art web site, it starts getting real very quickly that being a small business owner sucks, if you don’t generate enough revenue to pay yourself. Ask me how I know!

There are no participation trophies for choosing to become an entrepreneur

Entrepreneurs and small business owners who do make it and achieve high-levels of success, do show up every day, and they also do several things correctly.

5 Required Actions

Here are 5 things that require much more than simply showing up. Get good at these things, and you’ll be able to afford a real trophy for yourself!

1. Create an in-demand product or service
2. Create an amazing brand
3. Consistently market your irresistible offer to the right audience
4. Learn the difference between gross and net
5. Learn how to become an effective rainmaker. Without cash flow, you have no business.

If you’ve decided that 2023 is finally going to be your year, hire me as your coach and I’ll help you win a real trophy worth celebrating! Connect with me at www.GetJimPalmer.com.

Photo by Ameer Basheer on Unsplash

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Jim Palmer
ILLUMINATION

Jim Palmer is a dream business coach and marketing expert, founder of the Dream Business Academy and Dream Business Coaching Program. Visit www.getjimpalmer.com